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Coinbase Revenue Soars 88% in Q4, Driven by Crypto's Late-2024 Comeback
The crypto bull market of late 2024 propelled Coinbase to a record-breaking fourth quarter, with revenue reaching $2.27 billion. The company saw explosive growth in transaction volumes, fueled in part by renewed optimism in the regulatory landscape following Donald Trump’s election victory. Net income was $1.3 billion, and the adjusted earnings of $1.3 billion.According to the company’s report, Coinbase’s Q4 revenue climbed 88% quarter-over-quarter, reaching $2.27 billion. Transaction revenue hit $1.56 billion, a 194% jump compared to the previous year. Revenue and Trading VolumesThe total trading volume in the quarter surged to $439 billion, reflecting increased investor activity as crypto prices soared. Meanwhile, the company’s subscription and services revenue reached $641 million, benefiting from higher crypto asset prices and growing adoption of services like staking and Coinbase One.Beyond trading, Coinbase is focusing on expanding crypto’s real-world utility. The company has been strengthening its institutional adoption and international presence while developing new products to drive onchain finance.Its layer-2 platform, Base, has seen rapid growth, enabling developers to create new financial applications. Additionally, the company is prioritizing stablecoin adoption to facilitate seamless crypto payments for businesses and consumers.Our Q4 and FY 2024 financial results are now live. pic.twitter.com/R5LuW7pwI9— Coinbase
The crypto bull market of late 2024 propelled Coinbase to a record-breaking fourth quarter, with revenue reaching $2.27 billion. The company saw explosive growth in transaction volumes, fueled in part by renewed optimism in the regulatory landscape following Donald Trump’s election victory. Net income was $1.3 billion, and the adjusted earnings of $1.3 billion.
According to the company’s report, Coinbase’s Q4 revenue climbed 88% quarter-over-quarter, reaching $2.27 billion. Transaction revenue hit $1.56 billion, a 194% jump compared to the previous year.
Revenue and Trading Volumes
The total trading volume in the quarter surged to $439 billion, reflecting increased investor activity as crypto prices soared. Meanwhile, the company’s subscription and services revenue reached $641 million, benefiting from higher crypto asset prices and growing adoption of services like staking and Coinbase One.
Beyond trading, Coinbase is focusing on expanding crypto’s real-world utility. The company has been strengthening its institutional adoption and international presence while developing new products to drive onchain finance.
Its layer-2 platform, Base, has seen rapid growth, enabling developers to create new financial applications. Additionally, the company is prioritizing stablecoin adoption to facilitate seamless crypto payments for businesses and consumers.
Our Q4 and FY 2024 financial results are now live. pic.twitter.com/R5LuW7pwI9— Coinbase
